Industries

Every organization is different; every industry is even more so. At Kumaran, we have carefully honed varied industry expertise so that we understand your business in-depth. Beyond gathering just IT expertise, our teams strive to know your industry a little better, observe current trends, and comprehend how it works so that we can tailor solutions to your unique concerns and opportunities.

Products

Every organization is different; every industry is even more so. At Kumaran, we have carefully honed varied industry expertise so that we understand your business in-depth. Beyond gathering just IT expertise, our teams strive to know your industry a little better, observe current trends, and comprehend how it works so that we can tailor solutions to your unique concerns and opportunities.

About us

Every organization is different; every industry is even more so. At Kumaran, we have carefully honed varied industry expertise so that we understand your business in-depth. Beyond gathering just IT expertise, our teams strive to know your industry a little better, observe current trends, and comprehend how it works so that we can tailor solutions to your unique concerns and opportunities.

join us

Every organization is different; every industry is even more so. At Kumaran, we have carefully honed varied industry expertise so that we understand your business in-depth. Beyond gathering just IT expertise, our teams strive to know your industry a little better, observe current trends, and comprehend how it works so that we can tailor solutions to your unique concerns and opportunities.

Risk Reporting System

Risk reporting is a major output from any risk management process facilitated through an efficient Risk management information system. Various reports are generated in the risk management divisions for management needs as well as to satisfy regulatory requirements.Until recently, many banks have been able to maintain regulatory reporting processes without material investment by using Excel and/or other internally developed applications. Over the last few years, however, regulators have been upgrading their requirements for reporting in order to generate timely, detailed, and correct information to support their prudential responsibilities. In parallel, and coinciding with the global financial crisis, banks have focussed on reducing costs as they repair their balance sheets and profitability measures. These two conflicting directions are significantly increasing regulatory reporting risks.

Business Challenges

Credit Risk Management departments of any Bank have a number of reporting responsibilities for which it needs to depend on a well-functioning IT system. For example, a wide range of disclosure reports must be created. While the Basel regulation prescribes template reports on portfolio management, the reporting system must be flexible enough to accommodate changes to these reports and the creation of additional reports quickly and easily.

What We Offer

We have been working with many American banks in this area and delivered many reports for disclosure purposes in individual source systems for each line of business like SME, Corporates as well as for retail and wholesale credit data repositories. The Bank is using these reports for regulatory as well as management reports. We have gained expertise in using reporting tools like Cognos, Hyperion and Actuate. We have developed separate modules in the applications for delivering many dashboard reports for management along with generating alerts and early warning signals through emails. We have also delivered BASEL II -Pillar 3 reports to many Banks. We can leverage our expertise for your challenges in regulatory reporting.

Kumaran has acquired an expertise in handling different technologies for generation of various multidimensional reports on Retail and Wholesale credit customers. Using these technologies, various management and supervisory reports can be shared across all levels of the organization through a web portal. Many users can have access to the portal.

Each Bank will have a risk policy and a risk model for aggregation, quantification and new product assessment.

Risk Reporting systems in a Bank consist of

Management reports– These reports will be for internal use. The audience will be senior management, Board of Directors and Employees. The top management should have a holistic view of all risks.

Regulatory/Statutory reporting- These reports are based on certain regulations. The audience will be Regulators, Market Analysts and Rating agencies.

Financial reporting/ Public disclosure– These reports are disclosure reports. E.g., Bank's Balance sheet and profit and Loss account. The audience will be Auditors, Shareholders, Insurers and Counter party banks.

Capital Adequacy reporting – These reports are for disclosing the regulatory capital of the Bank as per the requirements of the supervisor.